Page 468 - 2020-21 Budget Summary

Revenue Forecast Report
Discussion

TOT – Short- • Fiscal Year 2019-20
term Rentals $57 million estimate is based
year-to-date collection trend, TOT - Short Term Rentals
reduced by 20.27% for the $60,000
second half of the fiscal year due
to Home Sharing Policy $57,000
enforcement. $54,620
• Fiscal Year 2020-21
Projected $60 million assumes
the same 3.05% growth from FY 2019-20 FY2019-20 FY2020-21
estimated 2019-20 as the
regular TOT growth rate. Adopted Estimated Projected
Budget Reciepts Receipts

Documentary • Fiscal Year 2019-20
Transfer Tax Current year $220 million
estimate is based on year-to- Documentary Transfer Tax
date collection trend. $224,076
• Fiscal Year 2020-21 $219,682
$224 million projection assumes
2% growth over 2019-20. $211,960

FY 2019-20 FY2019-20 FY2020-21

Adopted Estimated Projected
Budget Reciepts Receipts

Parking Users’ • Fiscal Year 2019-20
Tax The estimated receipts of $123
million is based on year-to-date Parking Users' Tax
collection trend.
• Fiscal Year 2020-21 $126,617
The projected $127 million is $121,900 $123,093
based on 2.9% 3 year average
increase of 2019-20 estimated
receipts.
FY 2019-20 FY2019-20 FY2020-21
Adopted Estimated Projected

Budget Reciepts Receipts

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